Felipe, Jesus - Philippine Institute for Development Studies (PIDS), … - 2009
This note shows that unit labor costs, the most widely used measure of competitiveness, are equivalent to the labor … cost as a measure of competitiveness and shift the burden of lack of growth or loss of market share to capital. In this … competitiveness (i.e., increase in unit labor costs) in the Philippines is exclusively the result of increases in prices as the labor …
